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Gold/Mining/Energy : pug puregold resources inc tse
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To: Matthew J. Levesque who wrote (142)3/4/1997 8:23:00 PM
From: ed Fedun   of 190
 
Ashton's release said"petrological and analytical results from all kimberlites is not anticipated for several months".We all know that they already have results on many of the kimberlites and are not telling us.Ashton is very aware that every diamond professional and the Toronto and Montreal exchanges are watching every word of their releases.The game that Ashton has chosen to play puts them in the spotlight and keeps them there.I don't believe John Auston would go along with stringing out the whole world for several months only to admit they found very few diamonds in the end.These releases keep a lid on the play and allow deals to be made on other properties at resonable levels without letting the other big players like Kennecott etc. know exactly what they have.I don't believe the exchange would allow a financing without more information.This is stictly my opinion.ED

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